Author Topic: Are you starting to cash in on the U.S. food glut?  (Read 2400 times)

Trudie

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Are you starting to cash in on the U.S. food glut?
« on: October 05, 2016, 02:43:30 PM »
I've been reading about the food glut -- particularly with dairy products:
http://www.sltrib.com/home/4434505-155/our-freezers-runneth-over-explaining-the

Good for consumers.  Horrible for farmers.  But how many of you MMMers are starting to see deals and stock the freezer?  The conventional wisdom is that soon we'll see lower prices for meat, dairy and frozen fruits and veg.

I've been eating out of the larder and have an almost empty deep freeze which I'll be filling with 93% lean ground beef ($2.99/pound) and boneless skinless chicken breasts ($1.99/pound).  I'm keeping an eye on butter and other things that I can freeze and take out.

Your experiences?

Gimesalot

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Re: Are you starting to cash in on the U.S. food glut?
« Reply #1 on: October 05, 2016, 04:26:57 PM »
It says that prices are still predicted to rise 1 to 2 percent over the next year.

I have seen that eggs are very very cheap right now, however, just like it says in the article, my personal demand for eggs has dropped.  Before bird flu, I was eating eggs everyday, then I stopped due to high prices.  Now, I am having trouble getting back into the habit.

radram

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Re: Are you starting to cash in on the U.S. food glut?
« Reply #2 on: October 05, 2016, 04:46:23 PM »
It says that prices are still predicted to rise 1 to 2 percent over the next year.

I have seen that eggs are very very cheap right now, however, just like it says in the article, my personal demand for eggs has dropped.  Before bird flu, I was eating eggs everyday, then I stopped due to high prices.  Now, I am having trouble getting back into the habit.

Last week my local grocery store had medium eggs for $0.10 per dozen with coupon.  Limit 1 per customer. No additional purchase required.  They had the coupon in-store.

I bought 10 dozen, one dozen at a time, and nothing else.  A $0.10 bill has a tax of $0.00, I thought it would have rung up at $0.11.  I was $1.00 all in. Family has eaten 2 dozen so far.


Monkey Uncle

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Re: Are you starting to cash in on the U.S. food glut?
« Reply #3 on: October 06, 2016, 04:35:03 AM »
I've noticed that beef prices aren't quite as ridiculous as they were a year or two ago.  Still too expensive to buy unless it's on sale, but at least we can now splurge on the occasional weekly special.  This week we picked up a few chuck roasts that were on sale for $2.99/lb.  Back before the big run-up in beef prices that would have been considered expensive, but now it looks pretty good compared to the $5.49/lb that was the best we could do on chuck roasts last year. 

Also, the price of my wife's go-to cheap beer has declined by 80 cents per 12 pack.

Other than those two items, I haven't really noticed any price declines.

redbird

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Re: Are you starting to cash in on the U.S. food glut?
« Reply #4 on: October 06, 2016, 07:00:44 AM »
Cheese has been cheap for several months now because of the glut.

I agree with the others. Beef is less than it used to be, but it's still high.

Trudie

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Re: Are you starting to cash in on the U.S. food glut?
« Reply #5 on: October 06, 2016, 01:02:24 PM »
Just bought eggs for .29/dozen.  The sale is going on for 5 more days, so I'm going to buy my max per day and freeze them.